Harvard, Yale And EM Sovereign Wealth Funds

Most people think of globalisation as an economic phenomenon, yet the most important facet of the process is the globalisation of ideas, i.e. who generates world-changing ideas and who merely follows them. It looks like the traditional flow of ideas from West to East is being challenged, just like the predominance of West over East is no longer the main assumption of economic activity. Who could lead this ideational shift better than the sovereign wealth fund (SWF) of an outperforming Asian emerging market (EM)? Singapore's Government Investment Corporation (GIC), a sparkling symbol of the rise of EM, is currently involved

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